Matthew Strong, Deputy CEO, Howden CAP and Head of Credit and...
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X services face longest outage due to data centre glitch
Elon Musk-led X started facing a glitch on May 22 due to data...
Russia to defend its vessels in the Baltic Sea by all legal means
The comments come as Baltic nations grow increasingly concerned...
Britain’s M&S stops taking online orders after cyber attack
“Our experienced team – supported by leading cyber experts – is working extremely hard to restart online and app shopping,” the company said on X, apologizing for the inconvenience and stating that its stores remained open.Some M&S International operated websites...
Shifting Gears: Cautious mid-term outlook for global motor insurance as challenges persist, says Swiss Re
Swiss Re's Chief Underwriting Officer Casualty Laure Forgeron said: "The global motor insurance market is both dynamic and rapidly evolving. At this moment, the introduction of new tariffs will have a material impact by increasing repair costs and putting supply...
US Treasury’s Bessent urges IMF, World Bank to refocus on core missions
"The IMF was once unwavering in its mission of promoting global monetary cooperation and financial stability. Now it devotes disproportionate time and resources to work on climate change, gender, and social issues. These issues are not the IMF's mission."U.S. Treasury...
World’s biggest companies cause $28 trillion in climate damage: Study
Everybody's asking the same question: What can we actually claim about who has caused this? said Dartmouth climate scientist Justin Mankin, co-author of the study. And that really comes down to a thermodynamic question of can we trace climate hazards and/or their...
IMF slashes global outlook as White House says trade talks pick up pace
With tariffs on goods coming into the world’s No. 1 economy now at their highest in a century, the IMF projects global growth in 2025 will slow to 2.8%—its poorest showing since the COVID-19 pandemic—from 3.3% in 2024 Worldwide economic output will slow in the months...
Cybercrime costs rose to at least $16 billion globally in 2024, says FBI
The losses—a one-third increase over 2023—were largely driven by low tech scams, such as would-be investors swindled out of money online, or company employees tricked by deceptive emails into wiring large sums to criminals’ bank accounts. Tech support and romance...
Swiss insurers Helvetia and Baloise to merge to create top 10 company
The new group, to be called Helvetia Baloise Holding, will become one of the ten largest insurers in Europe, under what the two companies called a “merger of equals” with an even spread of senior executives and board members Helvetia and Baloise plan to merge to...
Japanese insurer MS&AD plans to invest $5 billion to double U.S. profits
The Tokyo-based casualty insurer has the highest market share in Asia among global firms, but it’s No. 3 among Japanese peers in North America, “so the challenge is how to become the top player there,” said Shinichiro Funabiki,CEO, MS&AD Insurance Group Holdings...
Chubb appoints Janene Blizzard as Head of Accident & Health for Asia Pacific
Based in Singapore, Blizzard will report to Marcos Gunn, Regional President, Asia Pacific, with a matrix reporting line to Daniela Hernandez, Division President for International A&H, Overseas General Insurance Singapore: Chubb announced today the appointment of...
Swiss Re appoints Bernhard Kaufmann Group CRO as Patrick Raaflaub retires
Prior to this role, Bernhard Kaufmann was Chief Risk Officer at NN Group and held various senior leadership roles at Munich Re Group, most recently as Group Chief Risk Officer Zurich: Bernhard Kaufmann has held Chief Risk Officer positions in the re/insurance industry...